Summary - The Pax Inn,The Village,Thorp Arch,WETHERBY,LS23 7AR LS23 7AR
1 bed 1 bath Commercial Property
Income-producing village pub with parking and outside seating — ten-year lease caution..
- Freehold traditional stone village pub on 0.36 acre plot
- Entire property let to Y10 Enterprises Limited until Dec 2034
- Current rent £50,000pa with RPI uplifts and five-year reviews
- Seating for c.70 inside; c.35 external covers; trade kitchen and cellar
- Managers’ flat above (three double bedrooms, bathroom, kitchen, sitting room)
- Parking for 18 vehicles; good roadside visibility in village centre
- Only 10 years remaining on lease — mortgage lending likely restricted
- Tenant owns fixtures and fittings; limited immediate control over FF&E
A rare freehold pub investment in Thorp Arch village, let in its entirety to Y10 Enterprises Limited on a 10-year lease from December 2024. The stone-built Pax Inn occupies a prominent corner plot of about 0.36 acres with parking for 18 vehicles and outside seating for approximately 35 customers — useful operational flexibility for a rural village site. Internally the trading areas seat around 70 patrons with ancillary kitchen, cellar and stores; a first-floor managers’ flat provides additional residential value.
The lease delivers a current rent of £50,000pa with five-yearly open market reviews and annual RPI uplifts (2% collar / 5% cap except in review years). A rent deposit is held and the vendor invites offers in excess of £600,000 (circa 7.93% NIY). The sale is expected to be treated as a TOGC for VAT purposes, and the property sits within the Thorp Arch Conservation Area.
Material considerations: only ten years remain on the occupational lease, which can deter some institutional buyers and will likely restrict mortgage lending. The tenant holds the fixtures and fittings, so incoming owners buying as an investment should note limited immediate control over trading FF&E. The building has an EPC of C-66 and external appearance is traditionally well presented, but any change of use or significant alteration could require conservation-area consents.
This opportunity suits investors seeking a village-anchored pub with immediate rental income and clear operational layout, or a buyer comfortable with lease-length and tenant exposure. Viewings are by appointment only; the business is stated to be unaffected by the sale.
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